Which of the Following Is an Example of an ERP

question 79

Multiple Choice

Which of the following is an example of an ERP system?

• A)Alex uses a sophisticated information system to keep track of all the financial data generated by her bakery.She is considering opening a new bakery on the east side of town.
• B)Betty has a system that keeps track of the accounts payable and receivable for her plumbing business.At the end of the year,it allows her to prepare her taxes in two hours.
• C)Charlie keeps records of all his business expenses in a shoe box.Each week he enters all of the data into spreadsheets that automatically generate orders based on preset inventory triggers.Production quotas for the coming week are also automatically generated by customer orders.
• D)Doug is a free-lance photographer.He keeps records of all expenses and revenues on his cell phone and then emails them to himself every month.The files are stored on his personal computer and backed up to CD quarterly.

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Definitions:

Fixed Costs

Expenses that do not change in proportion to the level of production or sales activity within a certain range.

Plantwide Overhead Rate

A single rate used to allocate all of a plant's manufacturing overhead costs to its production activities based on a uniform cost-driver.

Cost Driver

An element that influences the expense of an operation or procedure to vary, utilized in activity-based costing for more precise cost allocation.

Support Department

An organizational unit that provides essential services, such as human resources or IT support, but does not directly contribute to the production of goods or services.